Built on evolutionary thinking since its inception in 2014, this family-owned business pioneered the crowd funding formula that allowed borrowers and investors to connect and bypass the banks.
Next, SoMo smashed the ‘tick box lender’ mould and created their market-leading Valuation Only product, promising that if the valuation fits the LTV, a loan will always be made.
SoMo. Always evolving and committed to the continuous improvement of our products to find evermore creative client solutions.
- Market leading bridging and auction products
- 68% LTV on second charge bridging loans across the UK
- 70% LTV on first charge bridging loans across the UK
- Rates from 0.49%
- Our famous Valuation Only product
- Once your deal is ‘locked In’, funds are guaranteed (subject to underwriting)
- Open Market Value lending (for first and second charge purposes), not against the 180 or 90 day rule
- An experienced team of senior management, BDMs and underwriters with over 150 years of experience
- A simple process – no application forms, no portals and paperless until completion
- Loans for various types of people, including limited companies, ex-pats, self-employed, people with credit blips and more
Products from SoMo can be accessed by using Dynamo for Intermediaries as your payment route.